ATMCurrency Exchange ServiceBankMoney Transfer ServiceCryptocurrency ATM
Bitcoin ATM located in Million Cart Convenience Store. You can buy Bitcoin and other popular cryptocurrency at our ATM with cash. Localcoin is a Toronto-based company whose mission is to provide a simple buying & selling experience of digital currency for customers while upholding privacy standards across North America
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Localcoin Bitcoin ATM - Million Cart Convenience Store
Frequently Asked Questions About Localcoin Bitcoin ATM - Million Cart Convenience Store
What is Localcoin?
Localcoin is Canada’s largest cryptocurrency ATM network that enables customers to buy cryptocurrency with cash at a physical location. Customers can visit one of our 950+ physical ATMs at our retail locations, composed primarily of convenience stores and gas stations.
What is Bitcoin?
Bitcoin is a decentralized digital currency, meaning it is not controlled by any government or central bank. Bitcoin can be used to buy goods and services online, and can also be held as an investment. Each Bitcoin is like a computer file that is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.
What is a Bitcoin ATM?
A Bitcoin ATM is a machine that enables users to buy Bitcoin and other cryptocurrencies using cash. It functions similarly to a traditional ATM, enabling users to deposit cash and receive Bitcoin in their wallet, or sell bitcoin and receive cash.
How do I use a Bitcoin ATM?
Step 1: Get a Bitcoin Wallet:
We recommend the following easy-to-use Bitcoin wallets downloadable from your app store: Trust Wallet, Exodus or Coinbase Wallet
You'll need to take this wallet (or a printed QR code) with you, to the machine.
Step 2: Visit a Localcoin Bitcoin ATM
All you need is your wallet’s address, QR code and cash!
Step 3: At the Machine
a. Tap the machine's touchscreen, then read the on-screen prompt.
b. Select your desired cryptocurrency. (Bitcoin, Ethereum, LTC, etc.)
c. In your wallet, find the QR code. This tells the machine where to send your Bitcoin once you've confirmed your purchase.
d. Hold it up to the machine's camera and wait for it to be scanned.
Step 4: Purchasing Your Bitcoins
a. After scanning the QR code, insert your CAD bills.
b. Confirm the amount on the screen to complete your purchase.
c. Please note that there will be a service fee, which varies based on the Bitcoin market.
Step 5: Receiving Your Bitcoins
Once you've confirmed your purchase, your Bitcoins will be sent to the address you provided.
Transactions are usually instantaneous but may take anywhere between 10–30 minutes, or even 1–2 hours in rare cases.
What is a Bitcoin/Crypto Wallet and how do I get one?
A crypto wallet is a necessary part of holding and transacting crypto coins. To send or receive any kind of coin, you’ll need a secure wallet that’s just for cryptocurrency. These specialized wallets:
1. Exist to keep track of coin ownership
2. Help generate the public addresses you’ll need to make transactions.
3. Don’t hold your coins like a traditional wallet does; instead, your Bitcoin, Ether, Litecoin, etc. all exist on the blockchain — your crypto wallet simply gives you access to them.
You can download a crypto wallet from your app store, some easy-to-use mobile wallets include Trust Wallet and Blue Wallet.
What are the limits for purchasing Bitcoin?
The minimum amount of Bitcoins (and other coins) you can buy from a Localcoin ATM is $20 CAD. The maximum is $995 per transaction, with at most 5 transactions per day.
What payment methods are accepted?
We only accept Canadian cash bills. For other payment methods such as debit/credit cards, you can purchase online by visiting our website at localcoinatm.com
What other cryptocurrency coins do you sell at your Bitcoin ATMs?
We sell Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at our ATMs.
What is Localcoin and what services does it provide?
Localcoin is Canada's largest cryptocurrency ATM network that allows customers to buy cryptocurrency with cash at over 950 physical ATM locations, mainly in convenience stores and gas stations.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM in Million Cart Convenience Store?
You can purchase Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
What are the operating hours for the Localcoin Bitcoin ATM at 1463 Davenport Road?
The ATM is available every day from 7:00 AM to 11:00 PM.
How do I use the Bitcoin ATM at Million Cart Convenience Store?
First, download a crypto wallet app like Trust Wallet, Exodus, or Coinbase Wallet. Bring your wallet's address or QR code and cash to the ATM, select your cryptocurrency, scan your wallet's QR code, insert Canadian cash bills, confirm the purchase on-screen, and your cryptocurrency will be sent to your wallet, usually within minutes.
What are the purchase limits for Bitcoin at this Localcoin ATM?
The minimum purchase amount is 20 CAD, and the maximum is 995 CAD per transaction, with up to 5 transactions allowed per day.
What payment methods does the Localcoin Bitcoin ATM accept?
The ATM only accepts Canadian cash bills. For other payment methods like debit or credit cards, purchases can be made online via their website.
Can I visit other places near the Localcoin Bitcoin ATM for additional services?
Yes, nearby places include financial services like Canada's Rates Finder, baking options such as Olympia Home Bakery Real Tasty Bagel Ltd, and parks like Beaver Lightbourn Parkette where visitors can relax after using the ATM.
Are there dining options near the Localcoin Bitcoin ATM?
Yes, local restaurants near the ATM include 241 Pizza, Two For One Pizza (Italian cuisine), and Daddies Patties, where you can grab a meal before or after your visit.
What community and recreational facilities are near the Localcoin Bitcoin ATM?
Nearby you can find parks like Chandos Park North and Primrose Avenue Parkette, as well as cultural spots like Magic Mud Gallery and OHSO Studios Inc. for arts and entertainment.
How can I find the Localcoin Bitcoin ATM location online?
You can visit their website at https://localcoinatm.com/bitcoin-atm/ontario/toronto/P82HVZ or their Facebook page at https://www.facebook.com/LocalcoinATM for more details and location information.